MNI BOK WATCH: More Evidence Needed To Cut Rates, Says Rhee

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

Activity data stronger-than-expected; little impact on near-term monpol

MNI: GERMANY JUNE FINAL HICP +2.5 % M/M, +0.2% Y/Y

MNI: GERMAN JUN CPI +2.2 % Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Dangote Refinery Reduces Diesel/Jet Prices for Third Time

REFINING
Energy BulletsHomepageBulletCommodities

Nigeria’s new mega Dangote refinery is cutting diesel and jet fuel prices in the domestic fuel market – the third time since product deliveries began in March as the refinery ramps up production.

  • Until Dangote entered the market in March, the country had to import the vast majority of its refined fuel.
  • “The new price is in consonance with the company’s commitment to cushion the effect of economic hardship in Nigeria,” Dangote Group spokesman Anthony Chiejina said.
  • The refiner denied earlier this week that the price cuts were a reflection of unsuitable product quality.
  • The Dangote refinery is operating at around 300,000 bpd, nearly half its nameplate capacity.
104 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Nigeria’s new mega Dangote refinery is cutting diesel and jet fuel prices in the domestic fuel market – the third time since product deliveries began in March as the refinery ramps up production.

  • Until Dangote entered the market in March, the country had to import the vast majority of its refined fuel.
  • “The new price is in consonance with the company’s commitment to cushion the effect of economic hardship in Nigeria,” Dangote Group spokesman Anthony Chiejina said.
  • The refiner denied earlier this week that the price cuts were a reflection of unsuitable product quality.
  • The Dangote refinery is operating at around 300,000 bpd, nearly half its nameplate capacity.